Altisource Asset Management (NYSE:AAMC) Shares Down 1.9%

Shares of Altisource Asset Management Co. (NYSE:AAMCGet Free Report) dropped 1.9% on Tuesday . The stock traded as low as $2.10 and last traded at $2.10. Approximately 3,794 shares traded hands during trading, a decline of 78% from the average daily volume of 17,249 shares. The stock had previously closed at $2.14.

Altisource Asset Management Price Performance

The company has a market capitalization of $5.36 million, a PE ratio of 0.05 and a beta of 1.40. The business’s 50 day simple moving average is $2.45 and its 200 day simple moving average is $3.45.

Altisource Asset Management (NYSE:AAMCGet Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $49.98 earnings per share for the quarter. The firm had revenue of $0.23 million during the quarter.

Hedge Funds Weigh In On Altisource Asset Management

A hedge fund recently bought a new stake in Altisource Asset Management stock. Deuterium Capital Management LLC bought a new stake in Altisource Asset Management Co. (NYSE:AAMCFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,902 shares of the company’s stock, valued at approximately $53,000. Deuterium Capital Management LLC owned approximately 0.47% of Altisource Asset Management as of its most recent SEC filing. Hedge funds and other institutional investors own 1.71% of the company’s stock.

Altisource Asset Management Company Profile

(Get Free Report)

AAMC has historically been an asset management company that provides portfolio management and corporate governance services to investment vehicles but given the sale and discontinuance of certain operations the Company is in the process of repositioning itself. Additional information is available at www.altisourceamc.com.

Further Reading

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